Business
OGE Energy Corp. reports first quarter 2026 results
OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.24 per diluted share during the three months that ended March 31, 2026, compared to $0.31 per diluted share in the same period 2025.
About this update from Oge Energy Corp
[{"type":"text","content":"OKLAHOMA CITY, April 29, 2026 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.24 per diluted share during the three months that ended March 31, 2026, compared to $0.31 per diluted share in the same period 2025.","length":318,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"OG&E, a regulated electric company, contributed earnings of $0.28 per diluted share in the first quarter, compared to earnings of $0.35 per diluted share in the first quarter 2025.","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Other operations, which includes the holding company, contributed a loss of $0.04 per diluted share compared to a loss of $0.04 per diluted share in the first quarter 2025.","length":172,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":356,"olType":false},{"type":"text","content":""We're executing our plan with discipline — propelling community growth, maintaining our low rates, and investing in the infrastructure our customers and communities will rely on for years to come," said Sean Trauschke, Chairman, President and CEO of OGE Energy Corp.","length":281,"tagName":"p"},{"type":"text","content":"First Quarter 2026 results ","length":26,"tagName":"p"},{"type":"text","content":"OG&E contributed net income of $57.9 million, or $0.28 per diluted share, in the first quarter compared to $71.0 million, or $0.35 per diluted share, in the same period 2025. The year‑over‑year decrease in net income was primarily due to mild weather and higher operation and maintenance expense, partially offset by lower depreciation and interest expense on assets placed in service.","length":389,"tagName":"p"},{"type":"text","content":"Other Operations resulted in a loss of $7.7 million, or $0.04 per diluted share, in the first quarter compared to a loss of $8.3 million, or $0.04 per diluted share, in the same period 2025. The decrease in net loss was primarily due to lower interest expense.","length":260,"tagName":"p"},{"type":"text","content":"OGE Energy's net income was $50.2 million or $0.24 per diluted share in the first quarter, compared to earnings of $62.7 million or $0.31 per diluted share, in the same period 2025.","length":185,"tagName":"p"},{"type":"text","content"...